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U.S., EU to suspend tariffs in effort to resolve Boeing-Airbus subsidy dispute

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Boeing and Airbus square off at the 2013 Paris Air Show.

Fabrice Dimier | Bloomberg | Getty Images

The U.S. and the European union will suspend tariffs for four months tied to a long-running dispute over illegal subsidies for Boeing and Airbus, the president of the European Commission said Friday.

The agreement is a step toward resolving the 17-year dispute that has led to retaliatory tariffs on billions of dollars of goods affecting a range of exports from both sides of the Atlantic. It comes a day after the U.S. and U.K. also agreed to a four-month pause on tariffs tied to the dispute.

European Commission President Ursula von der Leyen said she spoke with U.S. President Joe Biden about the…



Source cnbc.com

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